Campbell & CO Investment Adviser LLC Grows Holdings in AutoNation, Inc. (NYSE:AN)

Campbell & CO Investment Adviser LLC grew its holdings in shares of AutoNation, Inc. (NYSE:ANFree Report) by 40.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,263 shares of the company’s stock after purchasing an additional 1,226 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in AutoNation were worth $645,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AN. Compass Wealth Management LLC acquired a new position in shares of AutoNation during the fourth quarter valued at $32,000. Dark Forest Capital Management LP acquired a new position in shares of AutoNation during the first quarter valued at $65,000. NBC Securities Inc. acquired a new position in shares of AutoNation during the third quarter valued at $67,000. Covestor Ltd increased its holdings in shares of AutoNation by 101.6% during the first quarter. Covestor Ltd now owns 1,038 shares of the company’s stock valued at $103,000 after purchasing an additional 523 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in AutoNation by 9.3% during the first quarter. Lazard Asset Management LLC now owns 1,072 shares of the company’s stock worth $106,000 after acquiring an additional 91 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AutoNation

In related news, major shareholder Edward S. Lampert sold 380,497 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $143.12, for a total value of $54,456,730.64. Following the completion of the transaction, the insider now owns 4,278,664 shares in the company, valued at approximately $612,362,391.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AutoNation news, major shareholder Edward S. Lampert sold 77,284 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $142.58, for a total transaction of $11,019,152.72. Following the completion of the sale, the insider now directly owns 4,659,161 shares in the company, valued at approximately $664,303,175.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Edward S. Lampert sold 380,497 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $143.12, for a total value of $54,456,730.64. Following the sale, the insider now owns 4,278,664 shares of the company’s stock, valued at $612,362,391.68. The disclosure for this sale can be found here. Insiders sold 483,186 shares of company stock worth $69,331,092 in the last quarter. 0.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AN shares. Evercore ISI started coverage on AutoNation in a report on Wednesday, January 17th. They set an “outperform” rating and a $185.00 target price on the stock. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of AutoNation in a report on Monday, October 30th. StockNews.com lowered AutoNation from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. raised AutoNation from an “underweight” rating to a “neutral” rating and set a $145.00 target price on the stock in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, AutoNation has an average rating of “Hold” and an average price target of $175.13.

Check Out Our Latest Research Report on AN

AutoNation Trading Up 3.5 %

NYSE:AN opened at $152.17 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.83 and a debt-to-equity ratio of 1.78. AutoNation, Inc. has a 1-year low of $120.26 and a 1-year high of $182.08. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 1.17 and a beta of 1.21. The stock has a fifty day simple moving average of $143.33 and a 200 day simple moving average of $144.91.

About AutoNation

(Free Report)

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

See Also

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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